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Search Results 0 to 39 of about 40 (some duplicates have been removed)
is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
, even alien invasions, but this is the big one, folks. increased traffic on two off-peak days. you know what that means, someone might have to walk someplace. [laughter] think of the children. pray for them. i certainly hope los angeles survives because i've got to be out in l.a. or the big angel, as they say, in just a couple months. i don't want to but it's business because this morning i got nominated for an emmy. [cheering and applause] yep. yes. this is what they look like in person. [audience chanting "stephen"] yes. [cheering and applause] i see these people on the red carpet. now i've already got two for the show, so this could possibly lead to an emmy three-way. see. they're all girls. i checked. [laughter] now, "the report" is nominated for best directing, best writing and best late night show. unbelievably we were once again snubbed for outstanding achievement in prosthetic make-up. people just don't realize that under this i'm like admiral ackbar. [laughter] but for the first time, i was nominated twice in the same category, first for "the report," and then again for late ni
been a big hit in london "evita" here had bad reviews. the mood changed. funny enough, i think that's an intriguing one because in the late '70s america was a little bit in denial about talking about anything political. i mean, you remember the time, after vietnam, and i remember writing the early days of the "evita" run we hit the -- at the same time of the russian invasion of afghanistan, which i don't think anybody really completely understood what was going on. for give me for talking about afghanistan. i've gone off on a tangent. >> another time. >> suddenly people started talking about politics again. they said, maybe paralleled with what we were trying to say there was an interesting subject. >> how much have the critics gotten to you over the years? >> i don't really care very much if i don't think the critics really understand music. >> somebody that you respect, what is the most hurtful kind of thing they could say that would really get to you? >> i guess somebody who i did respect as a musician said that the score was humdrum or something, then i would be sad if i believe
. that is going to be a big hot topic of political conversation well. eric cantor and john boehner and people issuing press releases the president needs to do more and shows a failure of leadership at the white house. see what the white house has to say later about it. >> the unemployment rate tick up slightly to 9.2%. >> that's going to do it for us. >>> "cnn newsroom" begins right now with kyra phillips. >>> christine, don't go far. we are talking about the disappointing news on the jobs front. >> i won't. >>> labor department reporting only 18,000 jobs were added in june. that is much worse than economists readdicted. of course, those live pictures we can't get enough of. the shuttle is fueled and the crew is suited up but the weather could still cancel today's historic law firm. we are live at kennedy space center hoping that it will take off in time. >>> an arrest in the huge hacking scandal in britain. the news that the world's former editor and the prime minister's former aide. >>> like we told you, we want to start with the jobless numbers. our christine romans, once again, back with
economist said, ian sheped heardson said a big bucket of cold water. 18,000 jobs created overall. the estimates ranged from 80,000 to 125,000. market and economists expected more jobs creation than that. when you dig within the numbers you can see government jobs were shed. wow. thousands. 57,000 private sector jobs created but 39,000 government jobs lost. unemployment rate went up. so this tells you, kyra, bottom line, that private companies are not confident to hire in big numbers at all and the government, local and state government, because of budget cuts, continue to slash jobs. this is what the trajectory looks like. we have come from massive job losses there over about a year ago 192,000 four months of bad jobs and then you saw job created and it petered out. another thing when we dig into the numbers. you look at the revisions and what prior months were changed either higher or lower and we found another 44,000 jobs we thought had been created weren't. so it was other months revised down about 44,000. manufacturing, construction, temporary services and jobs in these areas
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
street is worried about washington. late wednesday moody's one of the big three credit rating agencies warning it might have to lower the rating if lawmakers don't come to an agreement on raising the debt ceiling. in the statement it said the action was prompted by the possibility that the debt limit woil not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of ashort-lived default. economists say if the aaa rating is lowered it will throw the financial markets into chaos and the cost of borrowing would go up to everything from morlts to car loans. ben bernanke warned. >> i think the worst outcome if we don't raise the limit, at some point we default on debt and that would create as i said before, a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headed into wednesday meeting which all sides describe as tense. republican majority leader eric cantor cited the president as saying i have reached my limit. he left saying i'll see you tomorrow. the two sides couldn't even agree about what happened in
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
if there is a chance to put this big deal back together that he and speaker boehner were very close to having this deal last week, that in many ways this speech was almost a post-mortem, almost setting up the blame game for the fact that no big deal is going to happen and no matter what happens here at the end of the day the debt ceiling is probably going to go up, nobody is going to be happy about the deal. i can tell you this, ann, i had a bunch of democrats who said to me would have been a good speech to give two weeks ago. >> i know that he calls republican activism, so much so that we hear capitol hill websites were crashing last night because so many people were trying to e-mail representatives. it sounds like he spooked main street. will he also speak wall street? >> no, wall street is calm. the markets are looking good today. we had a blip down in the indicators from 9:05 and 9:20, then i came right back. nobody is buying the panic or skyrocketing interest rates scenario. >> that said, hedge funds are prepare for a default. >> there's a possibility that we could default. it will be short term.
for a big deal on the debt ceiling. meeting with congressional leaders and calling for more talks on monday with a presidential news conference ahead of it. >>> meanwhile, as you see from live pictures from new york the debt clock keeps on ticking. also inflammatory words put on paper in the form of a pledge about slavery, black children, and president obama has two presidential contenders backtracking tonight. what did they mean? >>> and the british invasion. william and kate's whirlwind trip through california. cnn traveled with the royals. one stop included l.a.'s skid row. sp and -- >> as far as i'm concerned betty ford saved my life. i went in for cocaine addiction. >> the first lady who helped save the lives of some of the most famous people in the world by turning her struggle into triumph. tonight we remember betty ford who changed the way we all view addiction and recovery. >>> good evening. i'm don lemon. the debt clock just keeps ticking up. a startling reminder of just what a dire situation we are in when it comes to ongoing deficit negotiations. unless congress raises the amoun
the world cup final. >> big victory to talk about. >> that's it for us. "cnn newsroom" begins right now with kyra phillips. you have a busy morning. >> we do. a lot to talk about. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> the nation's debt crisis. the clock ticks and pressure builds. the president tells the congressional leaders you have 24 hours or less to make something has been. >>> a top murdoch executive resigns this morning. rebekah brooks former head of the disgraced tabloid "news of the world" is gone. >>> in southern california, drivers buckling up for carmagedd carmageddon. a bridge demolition that will close down 405, one of california's busiest highways. >>> we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in the united states. lawmakers dema
that was possible. the big lesson for minnesota is the unthinkable is possible. you have a tendency to think in these sorts of situations it's just a game of chicken, there will be a resolution, the debt ceiling will be lifted, but sometimes a game of chicken ends in a car crash. the last thing that republicans walked out of in terms of trying to avert this car crash was a meeting president obama convened yesterday in washington. you may remember mr. obama told everyone to dress casually because they were going to be there for a long time, right? that's why we have the pictures where they look vaguely, slightly, iranian, because they are not wearing ties. women look the same they always do, but the men, a little ahmadinejad fashion there. even though they were tieless because they would be there all day working on, house speaker john boehner before the meeting even started on sunday, told the reporters he could not support any big deal that the president wanted, period. so in the end, their long day of sweaty, tieless negotiations only lasted an hour and 15 minutes, then they went home. ther
is a big question and when we should be jumping to conclusions about. >> giuliani is also a longtime friend of rupert murdoch. >>> now the nation's debt crisis and a new deadline. forget august 2nd. the president says it's decision time now. here is what he told congress. you've got 24 hours or less to move forward on a deal. and then there is this dire message from the big three global credit ratings agencies. if a deal isn't reached soon, they will downgrade the nation's credit standing. the president speaks to the american public today. a news conference less than two hours away from now. 11:00 eastern. we will carry it live. >>> let's get to the white house and dan lothian. what do we expect the president on say come 11:00? >> reporter: well, a senior administration official telling me the president will be explaining to the american people where they really are in this process, what he has asked congressional leaders to do, and how he is still pushing for the biggest deal possible. another white house aide telling me the president will continue in that press conference to make the case
. >>> people love their cars, traffic jams are part of the daily life, but this weekend, the closure of a big chunk of the 405 freeway is causing added worry. it is shut down for a construction project. and residents are so worried they're calling this carmageddon, but so far, we're not seeing it. no gridlock. let's bring in cnn's kareen wynter who is above the 405 there. and we know ten miles of the 405 is closed, so no traffic there. what about everywhere else? >> reporter: everywhere else from our viewpoint all looks good. now a short time ago, we checked out some of the alternate routes officials were encouraging the public to take. it's really, really quiet right now. we saw a lot more people on bikes, pedestrians, people walking their dogs than we did people in their cars. one of our photographers -- our producers, rather, michael kerry took a picture on the other side of town near the pacific coast highway. usually an extremely congested area this time of year really any time. and that was another alternate route that officials were encouraging people to take if they were headed to l.a
position. that if big spending cuts are agreed upon the federal debt ceiling should be raised for the good of the nation. it's the same thing that happened three years ago when president bush told the country the economy was about to collapse because the financial industry was going under. some americans didn't believe that but all the evidence says it was true. that the feds had to bail out the financial industry and that's what happened. same boat, different year. you can imagine what the worldwide markets will do if the u.s.a. defaults on obligations in august. all of us will suffer economically because foreign investors would begin to pull their money out of america. the dollar would plummet along with stocks. so a deal must get done. but president obama is making a huge mistake in trying to raise taxes now. why bother with that? just campaign on your economic position, mr. president. and if you get reelected you can raise taxes later. on the g.o.p. side, we need tax reform desperately in this country. we need to raise more revenue in smart ways. perhaps a 1% national sales tax. that c
found this really interesting. many people say that suggests these online pharmacist could be a big factor in the prescription drug problem overall. for one second i want to show you some numbers as to how big a number we're talking about here. . according to the national institute on drug abuse about 7 million people using prescription drugs for non-medical reason. in 2009 ant 3% of the population. nearly one in 12 high school seniors report non-medical use of vicodin. one in 20 say they used oxycontin. what's interesting, drew, is that 59% of those high school seniors also say they got the drugs from a friend or a relative. which brings up another question. as you've been pointing out in your reports, it's so easy to buy these drugs online. but if the pharmacies start to shut down, can people get term from their family or friends pretty easily? >> they certainly will. but i think it's the proliferation of the ease of getting these drugs. and even people who want these drugs, let's say a doctor predescribes them. but the prescription runs out. they're addicted. they want to keep it
. and they feel that the democrats have an ideological commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table and if as you say the president could have brought nancy pelosi along -- i agree with you i think he could have -- the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to $1 trillion of tax increases is an awful big deal for a party that all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually end up getting what they wanted and what they wanted never materializes. >> there's a big difference between that and nothing. >> i agree. [ overlapping speakers ] >> so david, wh
them and this one will leave a big bite mark. >> is that a valid excuse? that maybe some staffer read it? >> i find that mind-boggling. such a statement would scream out to you as just incredibly wrong. that you cannot -- if you are a first-year student in high school and you read that statement, that's fwot to send up some alarms to you that says -- wait a minute. we can't sign this sort of thing. and particularly, not so much probably in the republican primary. if she does get into the general election, this sort of thing with independent voters just kills you dead. it's a nonstarter because it's such a fringe sort of way of thinking of things. >> it's also interesting that -- >> i would say that's probably why they didn't look at it. because i agree with you. had i read this and any of the republicans i talked to, they would say -- what the heck is this? i just think someone wasn't paying attention when they were doing their job. >> even in the explanation this group has put out, where retracted it, they did the classic -- this can be -- i'm sorry if you misconstrued this. they're
they beat the yankees on the way to the world series this community really emgraced this team big time. all these people will have to become rangers fans. the hardcore rangers fans that were there before, they're dealing with this. some people opted not to take their kids to the ballpark the next day. there was a significant group of people who decided to take their kids to the ballpark, because they wanted to make sure that they would go there and contribute to the fund that the rangers have set up in mr. stone's honor. >> joe trahan, thank you. we appreciate it. and our thoughts and prayers are with mr. stone's family and his friends tonight. i want you to listen to this now. >>> as far as i'm concerned, betty ford did save my life -- >> stevie nicks reacts to the death of betty ford. we'll take you live to los angeles for more reaction. and look back at the former first lady's legacy and impact on so many others. >>> prince william saddles up during the royal's visit. if you want information to the stories we're recovering, and you want to react to them, contact us on twitter, facebook o
the big deal. $4 trillion in deficit reduction over the next 10 years. speaker john boehner says he wants to, too. but there's in path to get there. the clock is ticking. the major sticking point, whether it's a large part of tax reform, wages on top wage earners go up. it could not take the heat from his republican caucus. >> we have got to be able to deliver on this promise. >> reporter: republicans say that the problem is president obama has been unable to bring his own party around to own entitlement spending that he put on the table. tick tock. the goal is to reach an agreement in the next couple of weeks so that the law can be written and passed before the deadline of august 2nd, that's when the federal government is slated to run out of money. the immediate result, checks might be cut for social security payments, benefits. salaries for military families. . stock market could dive, perhaps as much as 9%. or roughly 8$800 billion. some of it from your retirement savings. interest rates for the u.s. government and for us would shoot up. trying to get a mortgage? what about a car loan
. however there is disagreement over that point, big disagreement over that point. >> the other thing we'll be looking at is of course whether or not there will be issue with the credit rating. we'll talk about that. rebecca thanks. chris? >> thank you. >>> there is news of another arrest in the widening phone hacking scandal in britain. rupert murdoch is being pressured to appear before lawmakers in london and washington. dana lewis is in london good morning. >> reporter: good morning, we're hearing a ninth person has been arrested in the phone hacking scandal, the former executive editor of the "news of the world," but the late breaking news here this morning is the british government committee has just issued a summons for rupert and james murdoch to appear before them to answer questions about what they knew in the phone hacking scandal but legally there is a serious question over whether they can be compelled to appear. damage control in high gear rupert murdoch and son james in london trying to find a way to put out the fire. news corp shut out "nut of the
36 hours will be crucial to decide if a big deal can win support from congress. >> everybody around the table agreed that there is not an option of allowing the debt limit not to be extended so that america does not default on its debt. >> what we have here is a lack of leadership from the white house on what we know is mathematically is necessary to fix this problem. >> we've look the at all available options and we have no way to give congress more time to solve this problem and we're running out of time. >> nbc's kristen welker is live at the white house. is there still hope for a deal? >> reporter: in many ways, it is. good morning to you, chris. president obama told congressional leaders it's decision time. he said we're going to take the day off for a meeting on friday, go back to your caucuses and then come back to me. talks right now are stalled, they've been dealing with the same issues. president obama saying he wants a large deficit reduction package, he says he'll come to the table over entitlement reform if republicans will come to the table for rolling back tax credits
that a big deal is hard to get. he seemed open to whatever republicans might be discussing up there on the hill. the president saying that if they have something that is a serious plan and they bring it to him, then he might be willing to move on it, even if it requires making some tough decision. the president was also asked about the so-called mcconnell plan which would raise the debt limit in three different increements through the end of 2012. here's what the president had to say about that. >> if washington operates as usual and can't get anything done, let's at least avert armageddon. >> reporter: so you avert armageddon because it takes care of problem number one, which is essentially raising the debt ceiling, but it doesn't take care of problem two, which is making any significant reductions in the deficit issue and the debt problem. so it does appear, at least based on what the president was saying, that he will at least be open to something that will prevent the u.s. from going into default and resulting in higher interest rates for all americans, which the president
thing is like one big test. >> it's fascinating watching you because i know you don't like watching yourself, do you? >> i've gotten a lot better. since i've been producing, i've gotten a lot better with it. when i started, i had a really -- i hate my voice. i hate the way i sound. and i think that was always hard. >> that's not your real voice, is it, that's the problem. >> yeah, maybe, because it sounds foreign. but since i've become a producer and i've had to kind of, you know, sit in editing rooms and sit for hours and watch footage be cut together, i think -- i think i've gotten better to kind of take myself out of it and really look at it as making a film. and you kind of take all that weight off just yourself, which has been really great for me as an actor. >> you bring incredible intensity to this stuff. scare the life out of me. i'm just watching it from a monitor. you're like a raging volcano in some of these parts. >> a raging volcano who likes to clean. >> yes. the most weird type of raging volcano. >> look, that film, taylor hackford, the director of that film, cast me
. there was a moment in time when president obama was talking about doing big things and being the guy and turnin turning this into a much needed win by a beleaguered president. we are seeing this fade away, we are seeing the administration give control of this discussion to capitol hill, just like with other things. martha: as you say, in previous confrontations when it came to healthcare, stimulus, all of that got pwubgd back to congress to work out the details. he looked like he wanted to be out in front of this. why do you think he changed his mind? >> reporter: it's really hard. being president is really hard but also doing a deal like this is really hard because the scope of what you're talking about isn't -- this isn't about money. we heard over the w weekend, or it's 400 billion on this or 800 billion on that, there is a chasm which exists between the republicans and the house, the conservatives from 2010 and president obama who is puerto rico the hreu ral wing of the democratic party and his victory in 2008. there is a rubber game that needs to be played here, that is the 2012 election a
party on capitol hill and would create potentially a big problem. >> jamie: i believe it hasn't happened since the civil war and it really would be monumental if he did go that way and you talk about what the president needs to understand, and what do you think our viewers need to understand, at this stage? >> well, you know, i could tell you a lot about that but i would tell the viewers, it is not just about mathematics and coming up with a balanced budget oration the debt ceiling or anything like that. this is really about the philosophical divide of the members that they have sent to washington. republicans for instance, are looking at this, as not just a way to come up with a palatable plan to raise the debt ceiling but a way to shrink the size and scope of government, which they feel went way out of bounds during the first couple years of obama's tenure and for democrats it is the same, in that as much as they understand that you cannot continue to overspend and the deficits are bad, they are trying to do everything they can to maintain a level of government we have now. and, protec
towards us in a big way. out there on a sunday morning, though, a gorgeous sunrise out there. mid-level clouds drifting harmlessly overhead. beautiful shot of the rising sun. sun officially up five minutes ago. so an early start to the day today. temperatures dropped mostly into the 60s. 66 in leesburg. 6 in fairfax. 70, fredericksburg. 73 in washington. 70 in gaithersburg, germantown and silver spring. the view here shows not a whole lot going to. we are waiting on high temperatures to start sneaking back in our direction. 79 degrees at 9:00 a.m. 85 by noon time. highs this afternoon up to 88, 89 degrees or so. if you're headed on down to the beach, it's going to be a great day at the coastline today both today and tomorrow. ocean temperature right now at 70 degrees. that's not too terribly bad. high temperatures low to mid-80s. plenty of sunshine for everybody who is heading on down to the beach. you're going to want to stay near the cool waters of the ocean because, man, is it going to be ugly hot around haoe. we could be looking at not one but two or three 100-degree days by t
Search Results 0 to 39 of about 40 (some duplicates have been removed)

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